Market Analysis, Q1 GDP news!

Posted by on May 29, 2015 in News | No Comments

Daily Market Analysis Q1 GDP preliminary data at 8:30 was about where most were expecting, down 0.7% frm the advance at +0.2%. The initial market reaction didn’t move much, the 10 was already at 2.12% prior to the release MBS prices also saw no reaction, up 5 bps prior to the release and up 5 […]

Mortgage Rate Report-Lock Em Up

Posted by on May 27, 2015 in News | No Comments

Rates At a Glance Mortgage Rates Currently Trending Today’s Mortgage Rate Forecast Today’s Potential Rate Volatility Neutral Neutral High (by Sigma Research) Today’s Mortgage Rate Summary How Rates Move: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day […]

Mortgage Rate Report 05-26-15

Posted by on May 26, 2015 in News | No Comments

Rates At a Glance Mortgage Rates Currently Trending Today’s Mortgage Rate Forecast Today’s Potential Rate Volatility NEUTRAL NEUTRAL HIGH (by Sigma Research) Today’s Mortgage Rate Summary How Rates Move: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day […]

Market Update 05-19-15

Posted by on May 19, 2015 in News | No Comments

Daily Market Analysis Finally…a solid April economic report. April housing starts expected to be up 10% were up 20%, permits expected to be up 2.9% were up 10%. Starts in March revised from 926K to 944K; permits in March were revised to 1.038 mil from 1.039 mil. This report is the best data we have […]

Rates most likely headed higher/Lock and Load those prices

Posted by on May 18, 2015 in News | No Comments

Rates At a Glance Mortgage Rates Currently Trending Today’s Mortgage Rate Forecast Today’s Potential Rate Volatility Neutral HIGHER HIGH (by Sigma Research) Today’s Mortgage Rate Summary How Rates Move: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day […]

Daily Market Analysis 05-18-15

Posted by on May 18, 2015 in News | No Comments

Daily Market Analysis Friday had a very nice rally, MBS price +50 bps on the FNMA 3.0 coupon; the 10 yr note yield dropped 10 bps to 2.14%. Weak data on industrial production, factory use and the U. of Michigan consumer sentiment index declined from 95.9 to 88.6. Earlier last week April retail sales were […]

Be prepared for higher rates today 05-14-15

Posted by on May 14, 2015 in News | No Comments

Rates At a Glance Mortgage Rates Currently Trending Today’s Mortgage Rate Forecast Today’s Potential Rate Volatility Higher Neutral High (by Sigma Research) Today’s Mortgage Rate Summary How Rates Move: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day […]

Daily Market Analysis 05-14-15

Posted by on May 14, 2015 in News | No Comments

Daily Market Analysis Weekly claims down 1K to 264K, expectations were for an increase of 11K. The four-week average, a less-volatile measure, was the lowest since April 2000. Firings and lay-offs have declined leading to markets expecting wage increases are just around the corner. Recent employment data confirms that the slowdown in Q1 was ‘transitory’ […]

Rate Market Alert**Spoiler**Bond markets are schizo right now.

Posted by on May 13, 2015 in News | No Comments

Rates At a Glance Mortgage Rates Currently Trending Today’s Mortgage Rate Forecast Today’s Potential Rate Volatility Higher Neutral High (by Sigma Research) Today’s Mortgage Rate Summary How Rates Move: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day […]

Atlanta Fed forecasts 0.7% GDP growth in the second quarter

Posted by on May 13, 2015 in News | No Comments

Against consensus forecast the Atlanta Fed projected a first quarter GDP print of only 1.2% which was less than half of the current economist consensus. The current 1’st quarter GDP sits negative so the Atlanta Fed was spot on with their projections. Now they project a mere .7% growth for the second quarter which is […]